The new Tesla Gigafactory, set to be located in eastern Travis County, will be one of the world’s largest and most advanced automotive plants and will bring an estimated $1 billion in capital investment to the region.

“Our community has the strong desire to ensure everyone in our region has opportunities to grow, opportunities to achieve success, and opportunities to provide a better future for their children,” said Opportunity Austin Chair Gary Farmer. “Tesla’s decision to locate its newest Gigafactory in Austin will expand and enhance our innovative culture while also providing new and exciting career opportunities for all segments of our Central Texas workforce. The company’s pioneering spirit and advanced manufacturing technologies will be instrumental in our region’s economic recovery and our sustainable growth for the longer term.”

These are real jobs for real people during a very difficult time for all of us.

Tesla will also generate millions of dollars in tax revenue for local and state governments each year.

As part of its plan to locate the new facility in the Austin region, Tesla intends to invest in the community through workforce initiatives, technical colleges, and programs for K-12 schools.

We are excited to welcome our new neighbors Tesla into the DVISD community,said Del Valle ISD Board of Trustees President Rebecca Birch. From the start, their support, generosity, and commitment to our students has been unwavering. Based on the overwhelmingly positive feedback at both of our public board meetings, this sentiment is shared not only with our board and president, but our community at large. As demonstrated in other locations, Tesla can make a big impact on student learning. We are looking forward to developing multiple pathways to enrich our students’ and community’s lives with programming and employment opportunities. We are confident that Tesla will be 'DV Proud' partnering with us on the journey of preparing students for a successful future.

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About Opportunity Austin
Opportunity Austin is the economic development initiative aimed at fostering job-creating investment in the five-county Central Texas region. Top priorities include boosting economic diversification to proactively strengthen the economy, deepening the talent pool through development and attraction, and keeping the Greater Austin region attractive to entrepreneurs, business leaders and site selectors through advocacy on issues such as a comprehensive regional transportation system and regional collaboration. Since 2004, Opportunity Austin has helped bring more than 400,000 total jobs to the Austin region.

About Tesla
Founded in 2003, Tesla is the first successful American automotive startup in more than 50 years. Tesla’s mission is to accelerate the world’s transition to sustainable energy with all-electric cars and clean energy products. Tesla believes the faster the world stops relying on fossil fuels and moves towards a zero-emission future, the better. With more than 40,000 employees around the world, Tesla has created unique compensation and benefits programs that are designed to attract, retain and develop a diverse group of talented individuals who share our mission.

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Related Categories: Economic Development, Economic Development Announcements